10 Rapper I.O.U.’s – A History of Hip-Hop’s IRS Woes

 •  News  •  by XXL Staff  •  10 Comments

CHAMILLIONAIRE
Amount Owed: Over $175,000
Reason: Federal income tax
Result: In addition to the federal income tax, the Texas rapper is facing foreclosure on his Houston home, with the current asking price at $1.8 million. Guess it’s not just the Hip-Hop Police that are after him.

FAT JOE
Amount Owed: $139,000
Reason: State taxes
Result: Joe seems to be liquidating assets. He lost a judgment against Sun Trust for the mortgage on his Florida home, which he purchased for far more than that. In addition, he and his Terror Squad production team owe the state of New Jersey. Lien back.

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  • M. Baby!

    I went with MC Hammer. Come on, the price he had to pay back then was crucial. Plus times have changed. Hammer was selling out world wide and didn’t have anything to show for it. These other artist on here are good, but they weren’t on a level like Hammer was.

  • Name Not Necessary.

    Who really gives a fuck, like
    all XXL does everyday is drop a new poll, credibility at this mag and site is dropping dramatically.

  • El Tico Loco

    Guess Method Man didn’t make the cut huh?

  • beaver

    nasss is fucked man..

  • Q461

    Dame Dash….Method Man….

  • http://xxl yeah

    honestly all i gotta say is
    one day if it were to happen to yu,
    n it goes all over the net,
    how yu gon be thinkin?

    each is own, we dont need to get in each of these individuals personnal/financial situations,
    all we/us need to do is comment on the product which is the muzik,

    -ns

  • that nigga

    Yeah, this is gay….but that “Young Buck: Straight Outta Cash”(ville)…shit was kinda funny.

  • http://www.Dynamicproducer.com Dynamic Producer

    GET A GOOD ACCOUNTANT AND PAY ATTENTION TO THEM!!!

    ((((((((www.Dynamicproducer.com))))))))))

  • http://4channelamplifier.com 4 channel amplifier

    I totally agree with you on that one….

  • guy

    the IRS has armed agents? the fucking IRS? the gov. is organized crime